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Indicates Matter Stricken
Indicates New Matter
April 3, 2012
S. Printed 4/3/12--S.
Read the first time February 14, 2012.
To whom was referred a Bill (S. 1210) to amend the Code of Laws of South Carolina, 1976, by adding Sections 60-15-100 and 60-15-110 so as to provide an annual transfer, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass with amendment:
Amend the bill, as and if amended, in Section 60-15-110, as contained in SECTION 1, page 1, on line 36, by striking
/ appropriated state funds / and inserting / funds from the admissions tax /.
Renumber sections to conform.
Amend title to conform.
JOHN E. COURSON for Committee.
EXPLANATION OF IMPACT:
The Arts Commission anticipates a shift in funding of $1,937,598 in general fund to other funds. All expenditures presently covered by general funds would be supported by other funds resulting from the Admissions Tax revenue transferred annually to the commission.
The Board of Economic Advisors is the appropriate entity to address any revenue impact associated with this bill.
Office of State Budget
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 60-15-100 AND 60-15-110 SO AS TO PROVIDE AN ANNUAL TRANSFER TO THE SOUTH CAROLINA ARTS COMMISSION OF AN AMOUNT EQUAL TO FIFTEEN PERCENT OF THE GENERAL FUND PORTION OF STATE ADMISSIONS TAX REVENUES IN THE PREVIOUS YEAR AFTER OTHER TRANSFERS REQUIRED FROM THE REVENUE AND TO REQUIRE THE COMMISSION TO EXPEND AT LEAST SEVENTY PERCENT OF ITS STATE APPROPRIATED FUNDS ON GRANTS FOR CHILDREN'S AND COMMUNITY PROGRAMS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 15, Title 60 of the 1976 Code is amended by adding:
"Section 60-15-100. An amount equal to fifteen percent of the balance remaining of the general fund portion of state admissions tax revenues for the previous fiscal year after the transfer required pursuant to Section 12-62-60 must be transferred annually to the South Carolina Arts Commission for its use.
Section 60-15-110. The South Carolina Arts Commission shall expend at least seventy percent of appropriated state funds on grants to support the statewide improvement of learning and enrichment opportunities for children and communities through educational and cultural programs with proven research-based strategies."
SECTION 2. This act takes effect upon approval by the Governor and applies for fiscal years beginning after June 30, 2012.
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